Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h −0.058%

Price spread now: BingX against RISEx−0.015%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on RISEx Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.291%−$29 on $10k

Price spread, last 5 days (all we have)−0.011%−$1 · spread now −0.015%, 7d avg −0.114%

Together, before fees−0.302%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BingX is 0.099% dearer against RISEx than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.114%. Mind the row above: over the last 4 days funding on this pair cost −0.291%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx ARB/USDC	0.2222	0.0086	pay 0.0011% / 1h	6m 35s	$484K	$2.6M	10x
Short	BingX ARB-USDC	0.2221	0.0100	get 0.0100% / 8h	2h 06m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee BingXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $2.91
Price spread: −0.015% → −0.114%: $9.87
Slippage, 4 orders: −$31.16
Fee RISEx: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.37
Costs to cover: 0.472%
Break-even: 89.7 days

Slippage from RISEx: live order book, 2 min ago; BingX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 2 min ago	1.36 bp	4.4 bp −$4	24.7 bp −$247	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	4.33 bp	20.6 bp −$21	36.6 bp −$366	100.8 bp −$10.1K	671.4 bp −$335.7K

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1581%	1h	0.2207	−0.654%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0136%	1h	0.2222	+0.025%	$7K	$236	10x	as long as short
Variational Omni ARB	−0.0090%	8h	0.2206	−0.714%	$1.8M	$3.0M	—	as long as short
Polymarket Perps ARB-USD	−0.0085%	1h	0.2220	−0.074%	$76K	$2.1M	10x	as long as short
Kraken Futures PF_ARBUSD	−0.0073%	1h	0.2224	+0.130%	$1.1M	$4.5M	50x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0065%	1h	0.2223	+0.070%	$23K	$33K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0054%	8h	0.2220	−0.087%	$22.1M	$146.5M	50x	as long as short
MEXC ARB_USDT	−0.0054%	8h	0.2220	−0.069%	$41.8M	$62.0M	200x	as long as short
Bybit ARBUSDT	−0.0052%	8h	0.2220	−0.056%	$54.9M	$126.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2223	+0.066%	$12K	$406K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2220	−0.087%	$66K	$5K	10x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0009%	1h	0.2222	+0.022%	$44K	—	150x	as long as short
Bitget ARBUSDT	+0.0056%	8h	0.2221	−0.024%	$21.3M	$34.7M	50x	as long as short
Gate ARB_USDT	+0.0081%	8h	0.2221	−0.029%	$5.5M	$18.4M	60x	as long as short
RISEx ARB/USDClong	+0.0086%	1h	0.2222	long leg	$484K	$2.6M	10x
Lighter ARB	+0.0096%	1h	0.2219	−0.128%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2220	−0.069%	$37.3M	$49.1M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2222	+0.002%	$637K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2219	−0.092%	$43K	$150K	10x	as long as short
Binance ARBUSDT	+0.0100%	8h	0.2222	−0.001%	$63.5M	$301.0M	75x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2219	−0.119%	$19.8M	$14.4M	75x	as long as short
BingX ARB-USDCshort	+0.0100%	8h	0.2221	−0.015%	—	$6.5M	—
edgeX ARBUSDC	+0.0100%	4h	0.2208	−0.629%	$39K	$462K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2207	−0.654%	$473K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2206	−0.699%	$119K	$281K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2222	+0.021%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2222	+0.025%	$9K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2222	+0.025%	$297K	$885K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2221	−0.024%	$5.0M	$12.8M	50x	as long as short
Extended ARB-USD	+0.0104%	1h	0.2220	−0.077%	$352K	$2.8M	25x	as long as short
Aevo ARB-PERP	+0.0104%	1h	0.2224	+0.111%	$141K	$7K	3x	as long as short
BloFin ARB-USDT	+0.0220%	8h	0.2223	+0.048%	$3.0M	$2.4M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0277% / S −0.0159%	1h	0.2221	−0.014%	$841K	—	150x	as long as short
Coinbase International ARB-PERP-INTX	+0.0288%	1h	0.2223	+0.066%	$515K	$1.6M	50x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2218	−0.155%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0744%	1h	0.2225	+0.156%	$998K	$2.8M	20x	as long as short